Brokerages Anticipate USG Co. (USG) to Post $0.47 Earnings Per Share
Equities research analysts expect USG Co. (NYSE:USG) to announce earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for USG’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.49. USG reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The business is scheduled to issue its next earnings report before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that USG will report full-year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.11. For the next year, analysts expect that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.31 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for USG.
USG (NYSE:USG) last issued its earnings results on Wednesday, February 1st. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The company earned $734 million during the quarter, compared to analyst estimates of $727.44 million. USG had a return on equity of 16.06% and a net margin of 14.69%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS.
USG has been the topic of a number of recent research reports. Nomura initiated coverage on USG in a research report on Wednesday, April 12th. They issued a “neutral” rating and a $33.00 price objective on the stock. Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Wedbush increased their price objective on USG from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Jefferies Group LLC increased their price objective on USG from $29.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, March 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective (up from $28.00) on shares of USG in a research report on Wednesday, January 11th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.67.
In other news, insider Dominic A. Dannessa sold 2,500 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $33.54, for a total value of $83,850.00. Following the transaction, the insider now owns 66,023 shares of the company’s stock, valued at approximately $2,214,411.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning increased its position in USG by 35.3% in the first quarter. Creative Planning now owns 4,085 shares of the construction company’s stock worth $130,000 after buying an additional 1,065 shares during the period. Quantitative Systematic Strategies LLC bought a new position in USG during the first quarter worth $368,000. Quadrature Capital Ltd bought a new position in USG during the fourth quarter worth $442,000. Somerset Trust Co increased its position in USG by 0.5% in the first quarter. Somerset Trust Co now owns 16,784 shares of the construction company’s stock worth $533,000 after buying an additional 80 shares during the period. Finally, Bank of Montreal Can increased its position in USG by 42.0% in the first quarter. Bank of Montreal Can now owns 17,129 shares of the construction company’s stock worth $546,000 after buying an additional 5,070 shares during the period. 85.52% of the stock is currently owned by institutional investors.
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Shares of USG (NYSE:USG) traded down 2.03% on Friday, hitting $31.37. The stock had a trading volume of 1,283,915 shares. The stock has a market cap of $4.59 billion, a P/E ratio of 9.05 and a beta of 1.36. The firm’s 50-day moving average is $32.53 and its 200 day moving average is $29.80. USG has a 1-year low of $23.71 and a 1-year high of $34.67.
USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.
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